235 E Garfield Avenue

$1,500,000, 7,616 Sqft

About This Property

Incredible investment opportunity to purchase this motel style apartment building in the heart of Wildwood. 235 E Garfield Av. has been completely renovated and consists of 8 two-bedroom apartments and 3 one-bedroom apartments and it is run as a full-service motel with an onsite laundry room. All units feature air conditioning/heat systems, that allow for year-round use. One electric meter. The Sellers generated around $250k in revenue in 2019, $270k in 2020 and over $300k in 2021. Centrally located, within a walking distance to the best that Wildwood has to offer, this property has a solid potential for incredible rental /Airbnb cash flow. Located in a qualified NJ opportunity zone.

Essential Information

MLS® #220626
Price$1,500,000
Square Footage7,616
TypeCommercial/Industrial
Sub-TypeMotel
StatusACTIVE

Community Information

Address235 E Garfield Avenue
AreaWildwood
CityWildwood
StateNew Jersey

Interior

HeatingForced Air, Multi-Zoned
CoolingMulti-Zoned
# of Stories3

Additional Information

Date ListedMarch 11th, 2022
Days on Market201
ZoningCommercial

Listing Details

OfficeCOASTLINE REALTY, LLC

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